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“Once crypto exchanges are compliant, the SEC’s primary reason for denying spot Bitcoin ETFs would no longer be valid, likely clearing the way for approval,” said the analysts. 2077 Total views 63 Total shares Eric Balchunas and James Seyffart, exchange-traded fund (EFT) analysts for Bloomberg, said that a proposed rule change with the United States […]
The U.S. House of Representatives is planning to vote for the second time on the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act to legalize cannabis at the federal level next week, according to a Thursday article in Marijuana Moment. Cannabis stocks rose sharply in late trading, with Canopy Growth Corp GCG, -1.21% up 12%, Trulieve […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to test 5/8, break it, and then continue growing to reach the resistance at 6/8. However, this scenario may be […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Harami pattern not far from the resistance level. At the moment, the asset is reversing in the form a new correctional impulse. In this case, the downside correctional target may be the support area at 1920.00. At the […]
SNB Holds Steady The March SNB monetary policy meeting today saw the central bank holding rates unchanged, as expected. In the statement issued alongside the decision, Jordan noted that the bank had “tolerated” a certain level of strengthening in CHF against other currencies, given the better inflationary environment in Switzerland. February CPI came in at […]
Type: BearishKey Levels:Resistance: 14829Pivot: 14642Support: 14270Preferred Case:With price expected to reverse off the stochastics resistance, we have a bearish bias that price will from our Pivot at 14870 in line pullback support and 78.6% Fibonacci retracement towards our 1st support at 14036 in line with the pullback support and 23.6% Fibonacci retreatment.Alternative Scenario:If prices were […]